Funding arb · Price arb /

PONS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.026%

Price spread now: HTX against Aevo+0.246%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.246% dearer against Aevo than usual: you sell high and buy low (spread +0.246% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PONS-PERP	0.5940	0.0128	pay 0.0016% / 1h	33m 31s	$370	—	3x
Short	HTX PONS-USDT	0.5955	0.0100	get 0.0050% / 4h	1h 33m	$64K	$506K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee HTXbpOrdersPrice spread, now +0.246%Rate

Funding earned: −$5.88
Price spread: +0.246% → 0.000%: $24.58
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$9.3
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; HTX: live order book, 50 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell HTX live order book, 50 min ago	14.23 bp	168.5 bp −$169	doesn't fit	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0034%	1h	0.5935	−0.074%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.498%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5943	+0.052%	$17K	$438K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5942	+0.035%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5941	+0.019%	$13.4M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5950	+0.163%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5949	+0.148%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5955	+0.260%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5946	+0.103%	$34K	$346K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5949	+0.160%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5941	+0.015%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5946	+0.109%	$27K	$548K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.5955	+0.246%	$64K	$506K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5942	+0.035%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERPlong	+0.0128%	1h	0.5940	long leg	$370	—	3x
Aster PONSUSDT	+0.0132%	4h	0.5943	+0.054%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5946	+0.102%	$247K	$667K	5x	as long as short
MEXC PONS_USDT	+0.0168%	4h	0.5946	+0.103%	$7.7M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0169%	4h	0.5945	+0.086%	$38.7M	$97.7M	20x	as long as short
edgeX PONSUSDC	+0.0179%	4h	0.5947	+0.118%	$21K	$293K	10x	as long as short
BingX PONS-USDT	+0.0188%	4h	0.5943	+0.052%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0216%	1h	0.5940	+0.002%	$90K	$103K	5x	as long as short
Lighter RH PONS	+0.0352%	1h	0.5948	+0.145%	$418K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0414%	4h	0.5948	+0.136%	$1.7M	$977K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5945	+0.084%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0479%	1h	0.5938	−0.039%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0632%	1h	0.5950	+0.178%	$60.0M	$30.0M	3x	as long as short
Lighter PONS	+0.0760%	1h	0.5951	+0.180%	$1.7M	$995K	3x	as long as short
Gate PONS_USDT	+0.1286%	4h	0.5944	+0.069%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5976	+0.603%	$30K	$96K	3x	as long as short